The first Trade and Investment Working Group (TIWG) meeting was inaugurated by the Union Minister of State for Finance Dr. Bhagwat Kishanrao Karad in Mumbai on Wednesday. Around 100 delegates from G-20 member countries, invitee countries, regional groupings and international organisations participated in the G20 TIWG inaugural event.<br />''<br />'' Union Minister of State for Finance Dr. Bhagwat Karad addressed the inception meeting of the G20 Trade and Investment Working Group in Mumbai . Addressing the gathering, the Union Minister said that the Government has transformed India into a country of hope by creating immense opportunities for global trade and commerce. The Minister pointed out that the Government has focussed on two key aspects for the growth of trade and investment, namely the creation of a robust financial network and an ecosystem-based approach to growth.<br />''<br />''Mr. Karad said at the G20 meeting that India has seen exponential growth in overall exports and investment. He informed that India's share in global exports jumped from 0.5 per cent in 1990 to 1.7 per cent in 2018 to 2.1 per cent in 2022. He added that India's overall exports in April-December 2022 were estimated at $568.57 billion. He further said that this was owing to the proactive and integrated development approach of the Indian government.<br />''Mr. Karad said that India's G20 presidency is about setting the tone for encouraging trade and investment in keeping with the principles of broad-based growth.<br />''MoS (Finance) also went around the stalls put up by the Textiles Ministry, Central Cottage Industries Emporium, Tea Board of India, Spices Board, Coffee Board of India and APEDA which were set up as an 'Experience Zone' for the G-20 TIWG delegates and guests.<br />''<br />